This Is How We Do It! 2012

Over the past years, Americans got fat and lazy!  Apathy, lethargy and a “let someone else handle it” ideology sunk into the way of life politically.  We never dreamed that the politicians that were running this country would turn their backs on us.  AS a matter of fact, most of us thought “It can’t happen here in this great nation” when it comes to things that the Obama Administration has actually done.   We enjoyed a way of life with material things that our parents never had or dreamed of having and life was good.  We took for granted that tomorrow was a day of growth and making things even better because of our optimism concerning lifestyle betterment.

Our Real Estate wasn’t supposed to go down in value.  Our kids weren’t supposed to drop out of high school at a 50% clip.  We weren’t supposed to get attacked on our own soil by nations that we support.  Racism was supposed to be a thing of the past.  Our Richest Nation on Earth wasn’t supposed to go bankrupt.  We weren’t destined to die and leave our kids and grandkids nothing but an albatross to hang around their necks (debt).  Our real estate wasn’t supposed to become so encumbered with liens that a free and clear title with title insurance guaranteeing it could not be passed from one generation to the next.  Our American Dream wasn’t supposed to end in a Socialist Nightmare – BUT IT DID!

Its as if we woke up after it had happened and discovered that our nations leaders had just driven us over a cliff – and we haven’t even hit bottom yet!  Everyone, and that includes liberals too, are sitting in this huge caravan of busses being driven over a cliff and screaming at the driver (Obama) seat, instructions on how to land this bus when it reaches the bottom.  Most are worried about survival of the crash period!  The optimists amongst us are concerned about which direction to walk away from after the crash.

Obama didn’t just push Granny (in a wheelchair) off the cliff – He drove the entire nation into an abyss deeper and wider than the Grand Canyon.  Our nation is 223 years old (from the date of the signing of the Constitution) and Obama, with the help of the democrat party drove this nation down this road to destruction in 3 and a half years.

THE POINT:  We’re awake now!  At least a large percentage of us are.  We’re known as a group, Tea Party – and there are other Tea Party groups/affiliates all across the nation.  At this point, it is time for us to shake hands and realize that “our dream candidate” either made it or did not make it – but we have to come together for a change and work towards saving what’s left of this wreck.

We all call for and pray that our neighbors, coworkers and even family members will educate themselves to what has happened and the correct way to take our nation back and make her whole again.  Most of us realize that socialistic ideas are not going to work in this country and therefore we need to rid our nation of democrat/progressive/ socialist leaders.

OUR JOB NOW is to ensure that the Republican Party keeps the House of Representatives as a majority as well as to gain a Majority in the Senate.

Each of us needs to know who is running for what seat in their state as well as be able to offer friends and family in other states advice on the candidates in their state.  Obviously we should take care of our own state first, but also be aware of what is going on around you.  To do less would be the same as the problems that helped us get to this point to begin with.  We need to paint this entire nation RED in November 2012.

We will still have differences of opinion as to which Republican to put in what office but that is a success problem!  When we control the House and Senate, We will have our voices back.  At that time, we will have the leverage to tell Boehner/McConnell to get out or straighten up. Hopefully this is not too much of a dream!  Meantime, if we vote Mitt Romney into the White House, we will have a good crew surrounding him and checks and balances will once more insure that 1 or 2 bad people don’t ruin the rest of the nation.

Our new battle cry should be:  KEEP THE HOUSE AND GAIN THE SENATE!

YOUR VOTE MATTERS!  If you can’t find it within you to vote FOR a person – then please find it within yourself to VOTE AGAINST OBAMA.  Because that is exactly what a vote for Romney is.  Do not do nothing – That’s how Obama got into our White House to begin with.  Doing nothing is the least common denominator for why we found ourselves being driven off a cliff to begin with.  If you won’t vote over issues that only you know of, then please vote to save your family, friends and other Patriots of our nation!  JUST DO IT!  Your children, brothes, sisters, friends and other Patriots need your help.  Don’t go back to sleep or turn your backs on the nation again.  Please!

 

Brian Gray

Picking Up The Tab

Rules for business and government in America:

#1 – Don’t get caught!

#2 – Make enough to retire on if you do.

#3 – Don’t worry, the taxpayer or stockholders will pay your fines.

#4 – Jail is for small time crooks – Go big or don’t come at all!

 

Are we dreaming a bad dream here in America.  Do criminals of a white collar nature really go free or just never get brought to court.  You bet’cha Skippy!  Cause thats how we roll in the Obama/Holder administration.  Biden doesn’t really know, as his part is to come out later and say something stupid in order to deflect attention while the criminals do a perp walk out the front door.  Now if you happen to be a banker/investor in one of the crooked scams thats about to fail or go bankrupt, you will naturally lose your money, but the government will see to it that something like a TARP BILL is passed so that your neighbors and citizens across the country can pick up the tab.

Federal regulators and prosecutors have let the banks and finance companies that tried to burn the world economy to the ground get off with carefully orchestrated settlements — whitewash jobs that involve the firms paying pathetically small fines without even being required to admit wrongdoing. To add insult to injury, the people who actually committed the crimes almost never pay the fines themselves; banks caught defrauding their shareholders often use shareholder money to foot the tab of justice. “If the allegations in these settlements are true,” says Jed Rakoff, a federal judge in the Southern District of New York, “it’s management buying its way off cheap, from the pockets of their victims.”

To understand the significance of this, one has to consider the use of fines as a punishment for criminals that includes the richest people on earth — people who simply get their companies to pay their fines for them. Conversely, one has to consider the powerful deterrent to further wrongdoing that the state is missing by not introducing this particular class of people to a jail.   “You put a banking CEO in a pound-me-in-the-ass prison for a six-month term, and all this bullshit would stop, all over Wall Street,” says a former congressional aide. “That’s all it would take.  Just once”.

But that hasn’t happened. Because the entire system set up to monitor and regulate Wall Street is a bunch of foxes guarding the henhouse.  What were once regulators whose job it was to protect the public from crooked deals, are now the very attorneys that work to save the criminals from court prosecutions.

The idea of making the victims pay for the criminals misdeeds of executives doesn’t stop on Wall Street or the board rooms of to big to fail corporations.  When the federal government elects to play grown up business games and loses, it is done at the peril of the American taxpayer.  Does GM, Fannie Mae, Freddie Mac, Solyndra ring a bell.  How about the proposal by Obama to reduce the deficit by cutting the defense budget that takes care of America’s Veterans.  Hell, Obama even suggested that veterans pay their own medical care after they become civilians because they joined the military on a voluntary basis.  They had to know that they would be putting themselves in harms way at some point, he counters.  Therefore, whatever problems they have are their own damn fault.

What does the government have to lose when one of their agencies screws up, you ask?  “As much as you can afford or worse yet, all that you have financially or in way of future benefits that you earned”.  Corporate America and the US Government jumped into bed together and quickly covered up with a fresh sheet of 1.5 Trillion count greenbacks.  No worries though, they’ll give you and every one of your heirs time to pay it back.  By the way, the Obama administration is on its way to Bernanke, Geithner and Beyond for a new set of linens to line their coffers with by the end of March 2012.

Don’t forget to pay your taxes like Geithner did – Uncle Sam Needs YOU!

 

Brian Gray

NEWT – NOT GUILTY

Presented as something to think about while the GOP attempts to eat themselves and American voters drown in the water cooler.

 
First of all, what exactly were the charges against Newt? David Bonior (a Democrat) brought 75 charges against Newt – and 74 of them were found to have NO MERIT WHATSOEVER. The last charge, whether Newt funded his college class “Renewing American Civilization” properly, was too complicated a tax issue for the committee to investigate on its own, so they brought in an outside tax expert to investigate. Two charges arose out of this investigation.

 
The first ‘charge’ from the ethics committee is that he “may have” violated tax law by using tax-deductible contributions from nonprofit organizations to teach an allegedly partisan college course.

 
The lectures never mentioned the words “Republicans” or “Democrats,” and one entire session was spent praising FDR. Is that “partisan?” Not only has a former commissioner of the IRS has come forward and said that no tax laws were violated, but an Ethics Committee lawyer even gave approval for the class before Newt started it.  But then, as now, Gingrich had several overlapping projects going on. And Democrats alleged that Gingrich used the college course to promote a political agenda.

 
The second ‘charge’ from the committee is that, in the course of the investigation, Newt provided false information to the committee. Do you know what this “false information” is? What’s funny is that the Ethics Committee itself approved the course Newt taught, the same course that started this whole “ethics violation” farce. Newt wasn’t even paid for the course. In any case, I am not getting into all the details of the whole ethics violation mess, and the incredible double standard shown, since that would warrant a separate blog. I just find it odd that the Ethics Committee turned around and slammed Newt with a $300,000 penalty for something that they had approved!  In addition, if a reprimand was enough “punishment” for Barney Frank, who was charged by the same committee with fixing 30 parking tickets, and writing a misleading probation letter on behalf of child pornographer, cocaine dealer, male prostitute and lover Steven Gobie, why did Newt get slammed with such a harsher penalty?

 
The only reason that Rep. David Bonior and other Democrats filed 75 ethics charges against Speaker Gingrich in the first place is because Newt filed and forced former Democrat Speaker Jim Wright to resign in 1988. The whole ethics violation farce was about nothing but revenge. Bonior and the Democrats wanted revenge for Jim Wright and for losing the House in 1994 and 1996.

 
Newt could have legally used campaign funds or a defense trust fund to pay the ethics penalty or sued the lawyers who he said misled him into what he calls a technical ethics violation. He has the legal right to do any of those things. But did he? No. Gingrich said he and his wife decided he had “a moral obligation to pay the $300,000 out of personal funds.” So, he took out an 8 year loan at prime plus 1.5 – which was about 10% interest. By taking out this type of loan from Dole, not only would he be relieving the taxpayers of paying for the penalty fine, but Newt would then not be beholden to any bank, lending institute, etc. Thus, he wouldn’t have to worry about conflicts every time a banking issue came before him.

 
The attacks, both personally and professionally were capitol hill payback. In May 1988, Gingrich, along with 77 other House members, brought ethics charges against Democratic Speaker Jim Wright, who was alleged to have used a book deal to circumvent campaign-finance laws and House ethics rules.  Nine years later, “the Hill” sought their revenge.

 
In the summer of 1997 several House Republicans attempted to replace Newt as Speaker, claiming Gingrich’s public image was a liability.  The attempted “coup” began July 9 with a meeting of Republican conference chairman John Boehner of Ohio and Republican leadership chairman Bill Paxon of New York. (John Boehners judgment has always been questionable)

 
On July 11, Gingrich met with senior Republican leadership to assess the situation. He explained that under no circumstance would he step down. If he was voted out, there would be a new election for Speaker, which would allow for the possibility that Democrats—along with dissenting Republicans—would vote in Dick Gephardt (a Democrat) as Speaker.

 
Democrats blamed Newt for the government shutdown of 1994-95.  Gingrich and the incoming Republican majority’s promise to slow the rate of government spending conflicted with the president’s agenda for Medicare, education, the environment and public health, leading to a temporary shutdown of the federal government.  Republican amendments would have limited appeals by death-row inmates, made it harder to issue health, safety and environmental regulations, and would have committed the president to a seven-year balanced budget. During the crisis, Gingrich’s public image suffered from the perception that the Republicans’ hardline budget stance owed partly to a snub by Clinton during the flight to and from Israeli leader Rabin’s funeral in Israel.  That perception developed after the trip when Gingrich told reporters he was dissatisfied that Clinton had not invited him to discuss the budget during the flight. He complained of being instructed to use the plane’s rear exit to deplane, saying the snub was “part of why you ended up with us sending down a tougher continuing resolution”.

 
Newt “caused the government to get shut down by holding President Clintons feet to the fire”, and bringing charges against Clinton for sexual misconduct in the White House.  While the Republicans still maintained majority control of the United States House of Representatives after the 1998 midterm elections, they would also lose a large number of seats to the Democrats in this election as well.  Shortly after the mid-term elections, Speaker of the United States House of Representatives Newt Gingrich, who was one of the people leading the impeachment proceedings against Clinton, announced he would resign from Congress as soon as he was able to find somebody to fill his vacant seat;  Gingrich fulfilled this pledge and officially resigned from Congress on January 25, 1999. During the impeachment process, Gingrich’s private polls suggested that Clinton’s scandal would result in the GOP gaining six to thirty seats in the US House of Representatives in the 1998 midterm election.

 
Republicans lost five seats in the House in the 1998 elections—the worst midterm performance in 64 years for a party that didn’t hold the presidency. Polls showed that the attempt to remove President Clinton from office, by Gingrich and the Republican Party, was deeply unpopular among voters.  Gingrich suffered much of the blame for the election loss. Facing a rebellion in the Republican caucus, he announced on November 5, 1998, that he would not only stand down as Speaker, but would leave the House as well.Gingrich made this announcement only a day after being elected to an 11th term from his district. Commenting on his departure, Gingrich said, “I’m willing to lead but I’m not willing to preside over people who are cannibals. My only fear would be that if I tried to stay, it would just overshadow whoever my successor is.”

 

 
Brian Gray

ILLEGAL ALIENS IN AMERICA

How do you satisfy the masses on a subject as broad as Illegal Immigration or Illegal Aliens.
The only way to migrate illegally is to first come to the US without permission or refuse to go back to your native country at the appointed time. (overstay your welcome)  After either one of those acts has happened, a person is a Illegal Alien – and that is against the law which makes that person a criminal element.
Rick Perry stated in a GOP Presidential candidate debate that:  All conversations about it after the fact are merely philosophical differences  He is correct – but how should the government handle the situation that we currently have in the US?

FIRST – SECURE THE BORDER with Mexico!  It is presently agreed that this is where the problems originated and continues to fester.  New Gingrich is correct as well when he states that no one wants to break up families and start deporting people that have been here for 25 years.  Who is going to check those facts?  A member of the community and church being deported is not a good thing.  What constitutes a member of a church?  Should a agency be assigned to see if the alien is baptized and has a signed tithing offer on record?  In other words, this is ridiculous and as Perry points out – just a philosophical disagreement.

In order to be fair to ALL current citizens of the United States and those that would like to stay legally, I suggest the following:

Forewarned is fair armed – LET IT BE KNOWN THAT HENCEFORTH:
Beginning in 2013 a edict is put forth that if you are inside the United States of America you will:
1. Be able to produce (within 24 hours) a notarized legal Birth Certificate proving your were born here in the United States
2. Be currently in the process of obtaining citizenship (legally enrolled in citizenship classes) in the United States.  A valid, date stamped document shall be proof
3.   Be serving in the United States Military ( which is proof of your citizenship intentions ) and not be discharged until citizenship has been awarded

By the year 2018 ( 5 years notice ) you will be a citizen or be deported.  No exceptions!
No social services should be given to any person that does not have a US birth certificate or legal citizen status.  This includes the family members of person serving in military until citizenship has been deemed earned and awarded to military member.
No lessening of current Immigration laws or statuses to make it easier to become a citizen (2011)
ALL PERSONS WITHIN THE BOUNDARIES OF THE US ARE HEREBY ON NOTICE OF PENDING FUTURE IMMIGRATION LAW
IGNORANCE OF THE LAW IS NO EXCUSE
2018 – produce birth certificate or completed citizenship documents or be deported!
Ancho babies do not get automatic citizenship.  Parents of such children will pay for the birth of children in US HOSPITALS and become citizens or they and child will be deported before child can enter US PUBLIC SCHOOLS.
All persons presently receiving any form of social services monies from US OR STATE GOVERNMENT AGENCIES shall be responsible for repaying for a minimum of 1 years worth of services or for whatever time they utilized such services for less than one year.  This money shall be automatically taken from all future pay checks until paid in full.  No social services are to be paid to such persons even if passing citizenship requirements until money owed to federal government or state is paid in full.

 
This shall be known as limited rights citizenship – Full Rights Citizenship is granted once monies owed to US are paid in full.
Persons that have lived and worked illegally within the borders of the US that apply for citizenship must have a SPONSOR in order to enroll in citizenship class and become a citizen.

Applicants for citizenship will then be forced to assimilate or be sponsored by family members.  SPONSORS of any person applying for citizenship will be responsible financially for said applicant – the same as any American that has ever married a foreign national.  Sponsor will have to prove financial ability or will not be permitted to stand for or sponsor the applicant.

 

The more time spent arguing about Illegal Aliens and Immigration laws the longer we will have this problem.

 

Brian Gray

 

Did You See That?

THE McQUEARY SYNDROME IN AMERICA

A grown man watched as a man raped a young boy in the showers and did nothing.  Oh, lest I forget, he did run home and tell his Daddy.  Daddy told him to report it to his Head Coach.  And then the whole thing died off into “not to be spoken of again” status.  The Head Coach told two other men that were positioned a little further up the ladder.  They then told the President – and the coverup began.

We all know the circumstances of the Penn State Pedophilia case.  We’re mad as hell and can only pray that justice will be swift.  By the way, the man charged with raping multiple boys is out of jail on bail to the tune of $400,000 dollars.  Thats the price to buy the temporary freedom for one of the most heinous acts on fellow humans in decades!  Now get this:  Students actually rioted because the Head Coach was fired.  Then after realizing how ridiculous they looked to the world, they held vigils for the children that were raped.  Such contrition brings a tear to my eye.

What about the damn court system that allowed this (innocent until proven guilty) man out of jail?  Makes for good reading doesn’t it?  Makes an even greater story that takes the big microscope off of our government scams and coverups.  Not a day goes by that doesn’t reveal yet another undeniably criminal act by our political leaders of this nation.

We see these acts:

Libya
Fast n Furious
Fed Gov. suing a state for protecting itself
The Fed audit and money appropriated to foreign countries
The Killing of Jobs Bills while unemployment soars (400K jobs on Canadian Oil Pipeline)
1st Lady goes to Paris on taxpayer dime while America reels in joblessness, homelessness and hunger
Gulf Oil Spill disaster that paid BP to be wrong
After midnight legislation on bills the nation doesn’t want
Election Fraud
Main Stream Media doing a High Tech Lynching on Republican Presidential Candidate
Transparency Promises broken by our President
Normal Vetting Process of our President usurped by media and all politicians (where are the college, health, birth certificates?) – OMG! now I’m a racist Birther!
The building of a Muslim Mosque at Ground Zero
Taxpayer dollars to bail out Fannie and Freddie every year

Hundreds of atrocities that continue to build daily and have been building for decades – yet go unanswered and the perpetrators go unpunished.

Like McQueary, we see these things happen and tell someone.  AND THEN THATS IT!  We sit behind our keyboards and type emails to our friends and bitch about it.  Why?  Because we all know in our hearts that this can not happen in our country and SOMEONE will do something about it later.  The problem is, that “later” never happens.  How can it?  Before the present disaster or criminal act can become old news, another one takes place.  It’s like driving 90 mph down the interstate and staring out the drivers side window.  Our minds fail to process current events when it is deluged daily by our politicians and even the weather.  One good tornado can take Americans minds off of Fast n Furious, Libya, or the Fed Budget.  (which hasn’t been passed in over 900 days)

Occupy Wall Street people had the right idea.  They took their gripe to the streets.  Problem is, they took every idiot, illiterate and totally screwed up person they could find with them.  OR DID THEY?  The press sure made sure to use them as a cover for what was happening behind the doors of the most powerful people in Washington.  If you gather a few thousand people in one place for several days, I can promise you that someone is going to get robbed, raped, shot or get killed in a fight.  There will be at least one idiot that does something as stupid and disgusting as to defecate on our American Flag.  The press will be there and report it, thereby taking the seriousness and the real reason people are angry out of the equation.

If the OWS people had of protested any particular act (of which they had hundreds to choose from) instead of showing up with their Socialism, Marxism, Communism posters/signs they may have gotten somewhere. Their intentions were to protest things that were wrong on Wall Street and instead turned it into a challenge against democracy.  They have a right to think whatever they desire, but they have to know that turning their media grabbing attention to attacks on democracy would make them the scourge of the rest of the nation.  What could have been a tidal wave of unity against our political leaders turned into a referendum on socialism.  Now I have to state that for those who think that I am wrong, just look at how the average American views OWS and its participants.  Your argument would be with each other and the press.  Thats how you got portrayed and that was an abject failure.

At the very least – OWS Protesters should be congratulated for having the balls to get out from behind their computers and do something.  No matter how screwed up their organizational skills were, or their message was, at least they tried to do something.  I would have rather tried and failed than to say I never tried. Hopefully a lesson was learned or is presently being learned from this.  The right to vote will no longer save our nation!  Politicians with the press in tow have now become the most powerful machine known to mankind.  They know how to manipulate the masses into a non focused state and keep them there.

We have got to do more than sing to the choir!  People like McQueary, just perpetuate the crimes with their non action.  YOU MATTER!  Your voice and presence are very much needed at the next rally/protest or whatever the event is.  If you don’t speak up, your coach won’t either and your team loses!

Think about it!

Brian Gray

Don’t Blame US

So many well intentioned people feel that Dr. Ron Paul is wrong and ignorant for wanting to stop the US Wars.

Lets take a look at that.  Why does anyone think that the US needs to have boots on the ground in countries all around the world?

Dr. Paul says in his opinion that other countries consider our country to be a threat by being there in the first place.

He gives the example of how we would feel if other countries did that to us.

What would be the logical outcome if Russia or China were to build a huge military base in Iraq?  How about Cuba?  Would Americans feel safe if Korea began a base in Mexico?  What if the land owned by China in this country were to be used for Chinese military training?  Coming soon will be the financial bailout of Europe by the Chinese – what happens when China determines it’s in their best interest to have a base in Italy?

Who the hell died and left the United States in charge of the world?  Americans pumped full of patriotism were hell bent about stopping Russia from doing the same things we’re doing across the globe.  We fought off Germany and Japan for trying that same principle.  We fought the Vietnam War which was really US against Russia and China and all we accomplished was loss of life.

Is it because we promote the Democratic way that makes us right and them wrong?  Who are we to say what is right for other countries?  Did we not fight a war with England to stop them from telling us how to live our lives and taxing us?  Just because we give out billions of dollars in financial aid, does that give us the right to occupy their lands?

The question is:  What are we occupying their lands for?  Is the answer the same tired old statement that we have a presence there to ebb the flow of communism?  So the old adages that worked on people in the 50’s are supposed to be good reasons for World Dominance?

I got news for ya!  The world does not want to be dominated!  If they wanted our brand of democracy and someone to tell them what’s right and wrong – they would ask for our help and opinions!  Politicians and school teachers have been preaching for 60 years about how the world needs us to be a presence globally lest said countries dissolve into wars and famine.

Now I have to ask you – Who do you think is paying for this world protection?

News break for you:  The United States Government does not have any money that it does not take first from its citizens!  Those “Bullets Over Baghdad” were all bought with your labor and taxes.  So are the schools and roads and hospitals and anything else that the American government does in its Nation Building quest.  Just how much of a Global Citizen do you want to be?  How much do you desire to pay for this title?  Are you more of a global citizen than the people of Switzerland and how does that make you feel?

Did they ever teach you in school that if you pay attention, work hard and keep your mouth shut, that you can grow up to be a productive member of society and PAY to make the world a safer place?  How much time have you spent in consideration that it is your tax dollars that are protecting oil fields in the Middle East so that other nations can have easier access to oil at a lower price per gallon?  Did you ever think that your own children would attend a substandard school while your tax dollars built new schools in another country?  Should your son die to protect the rights of Omar from being violated by Mohammed!  Thats a very graphic thought, but what does it take to get Americans to realize that we should not be doing this.

WE HAVE THE TECHNOLOGY

Why should Americans feel that we need “boots on the ground” in another country to protect our way of life and freedom?
There was once a cartoon that characterized a “salesman” attempting to sell machine guns to a Roman general in front of the generals tent.  In the background it was clear that the Roman army was equipped with shields, spears and bows w/arrows.  The caption said:  “Not now, I have a war to fight.”  That my fellow Americans is the general thinking of most people when it comes to protecting America.

Withdrawing troops and bases from foreign soil does not mean “Isolationism.”  It does not mean that we as a nation desire to tell the world to go away!  Other countries see the United States as “Bully’s” as opposed to our grand notion that we are there to protect them.  You can argue all you want that they are wrong but it is still their perception that matters in their country.  Sure, there have been crying kids and parents thanking our troops gratefully, in some country that we helped win a battle – after the bombs stopped and the burials began.  How long after the funerals were over do you think that the opinions began to change?  A year, 5-10 years?  How do you think they feel 50 years later?  Just how wrong is Dr. Paul for stating we should pull out of these countries?  After all, it is Americans they are shooting at and not each other.  It is our embassy’s that are getting bombed.  It is our military installations that they attack.  What kind of clue do you need to understand that it is their country and they don’t want us in it?

Therefore, the very strategy of “protecting our interest” has to change.

Have you ever personally witnessed what our military is capable of when we take the handcuffs off?  I have, even though it was 40 years ago.  I have to believe that what was once powerful, is even more so today with technology and much better weapons and planes.  Our navy, with its aircraft carriers sitting miles offshore can do amazing things.  Airplanes flying at the speed of sound can shoot missiles through open windows and return to the safety of the carrier which is guarded by another ship called a Destroyer.  Do we really need 200 military bases when one will suffice?  Do we really need our men and women walking the streets of a combat zone.  How about sitting in a tent or barracks at a military compound waiting on a hostile missile to take them out?  Why? Why? Why?

We have a Secretary of State and many Ambassadors to negotiate with the heads of state of all the world.  There are so many military and world leaders that no one even knows who they are.  Let them do their jobs and quit using the threat of violence in the forms of soldiers walking the streets  to do our bidding and protect us.  We don’t need to lose a life to make a point!  If our leaders can not negotiate a settlement – we sanction them and hold our ground til they do agree.  If that doesn’t work and they take an American life, we send them a present.  That present should be in the form of our advanced technology.  We can send a little technology or a lot of technology, depending on how long it takes to make the point. The present should be delivered from Utah or a carrier located so far off shore that it can’t be seen with binoculars.

Problem solved.

Thats not Isolationism!  Its Protectionism!  Our country’s leaders need to “Say what they mean and mean what they say.”  If they can’t do that, they need to be replaced.  Iran released hostages because they knew Ronald Reagan would not tolerate their actions, the day he came into office.  Our country has to have leaders that other countries respect.  One of our states has road signs that everyone in our nation knows about whether they have ever been there or not.  The signs simply say:  Don’t Mess With Texas.  Texas doesn’t go to other states and flaunt this ideology but everyone knows its there.  I don’t promote scaring the world straight, but I do promote using the technology that we have in a way that saves our nation money and lives.

Instead of putting American sons and daughters in harms way, we should pull back to a safe distance.   Say somewhere in the neighborhood of “Home.”  Take the targets off the backs of our men and women and put them in our country where they can protect American borders.  So far we have done a better job of protecting Iraqi borders than the ones we have in the southwest and California. That doesn’t mean that all immigration should cease either!  It just means that we are going to enforce the laws we have had in place and stop the flow of illegals coming into this nation.  We have to wake up to the realization that it is not just illegal gardeners that are coming across our borders.

Was 9/11 our fault?  HELL NO!  But ask yourself this:

Why did the Islamic Terrorists not fly planes into the Eiffel Tower, Buckingham Palace, or Tiananmen Square.  No they specifically wanted to ruin our nation financially (World Trade Center) and send a message to our military by taking out the Pentagon.  Look at the messages they sent during the Clinton administration.  Our nations military needs to come home and quit antagonizing the lunatics located outside our borders.  I would rather send a missile from 100 miles away than shoot at a man from 50 yards. Missiles are just more accurate and besides that “its nothing personal.” just business.

Take the handcuffs off and do the job right!  It makes financial sense and SAVES American lives.

 

Brian Gray

Why Isn’t Wall Street in Jail?

Financial crooks brought down the world’s economy — but the feds are doing more to protect them than to prosecute them.

Another great article by Matt Taibbi, possibly one of the great financial journalist of the century.  I wanted to post this to preserve his story for as long as possible.  Truths such as this, that are exposed tend to wind up in the missing files.  Hopefully this record will last, and someday be of value to historians or prosecutors.

Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer.

“Everything’s fucked up, and nobody goes to jail,” he said. “That’s your whole story right there. Hell, you don’t even have to write the rest of it. Just write that.”

I put down my notebook. “Just that?”

“That’s right,” he said, signaling to the waitress for the check. “Everything’s fucked up, and nobody goes to jail. You can end the piece right there.”

Nobody goes to jail. This is the mantra of the financial-crisis era, one that saw virtually every major bank and financial company on Wall Street embroiled in obscene criminal scandals that impoverished millions and collectively destroyed hundreds of billions, in fact, trillions of dollars of the world’s wealth — and nobody went to jail. Nobody, that is, except Bernie Madoff, a flamboyant and pathological celebrity con artist, whose victims happened to be other rich and famous people.

The rest of them, all of them, got off. Not a single executive who ran the companies that cooked up and cashed in on the phony financial boom — an industrywide scam that involved the mass sale of mismarked, fraudulent mortgage-backed securities — has ever been convicted. Their names by now are familiar to even the most casual Middle American news consumer: companies like AIG, Goldman Sachs, Lehman Brothers, JP Morgan Chase, Bank of America and Morgan Stanley. Most of these firms were directly involved in elaborate fraud and theft. Lehman Brothers hid billions in loans from its investors. Bank of America lied about billions in bonuses. Goldman Sachs failed to tell clients how it put together the born-to-lose toxic mortgage deals it was selling. What’s more, many of these companies had corporate chieftains whose actions cost investors billions — from AIG derivatives chief Joe Cassano, who assured investors they would not lose even “one dollar” just months before his unit imploded, to the $263 million in compensation that former Lehman chief Dick “The Gorilla” Fuld conveniently failed to disclose. Yet not one of them has faced time behind bars.

Invasion of the Home Snatchers

Instead, federal regulators and prosecutors have let the banks and finance companies that tried to burn the world economy to the ground get off with carefully orchestrated settlements — whitewash jobs that involve the firms paying pathetically small fines without even being required to admit wrongdoing. To add insult to injury, the people who actually committed the crimes almost never pay the fines themselves; banks caught defrauding their shareholders often use shareholder money to foot the tab of justice. “If the allegations in these settlements are true,” says Jed Rakoff, a federal judge in the Southern District of New York, “it’s management buying its way off cheap, from the pockets of their victims.”

To understand the significance of this, one has to think carefully about the efficacy of fines as a punishment for a defendant pool that includes the richest people on earth — people who simply get their companies to pay their fines for them. Conversely, one has to consider the powerful deterrent to further wrongdoing that the state is missing by not introducing this particular class of people to the experience of incarceration. “You put Lloyd Blankfein in pound-me-in-the-ass prison for one six-month term, and all this bullshit would stop, all over Wall Street,” says a former congressional aide. “That’s all it would take. Just once.”

But that hasn’t happened. Because the entire system set up to monitor and regulate Wall Street is fucked up.

Just ask the people who tried to do the right thing.

Here’s how regulation of Wall Street is supposed to work. To begin with, there’s a semigigantic list of public and quasi-public agencies ostensibly keeping their eyes on the economy, a dense alphabet soup of banking, insurance, S&L, securities and commodities regulators like the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC), the Office of the Comptroller of the Currency (OCC) and the Commodity Futures Trading Commission (CFTC), as well as supposedly “self-regulating organizations” like the New York Stock Exchange. All of these outfits, by law, can at least begin the process of catching and investigating financial criminals, though none of them has prosecutorial power.

The major federal agency on the Wall Street beat is the Securities and Exchange Commission. The SEC watches for violations like insider trading, and also deals with so-called “disclosure violations” — i.e., making sure that all the financial information that publicly traded companies are required to make public actually jibes with reality. But the SEC doesn’t have prosecutorial power either, so in practice, when it looks like someone needs to go to jail, they refer the case to the Justice Department. And since the vast majority of crimes in the financial services industry take place in Lower Manhattan, cases referred by the SEC often end up in the U.S. Attorney’s Office for the Southern District of New York. Thus, the two top cops on Wall Street are generally considered to be that U.S. attorney — a job that has been held by thunderous prosecutorial personae like Robert Morgenthau and Rudy Giuliani — and the SEC’s director of enforcement.

The relationship between the SEC and the DOJ is necessarily close, even symbiotic. Since financial crime-fighting requires a high degree of financial expertise — and since the typical drug-and-terrorism-obsessed FBI agent can’t balance his own checkbook, let alone tell a synthetic CDO from a credit default swap — the Justice Department ends up leaning heavily on the SEC’s army of 1,100 number-crunching investigators to make their cases. In theory, it’s a well-oiled, tag-team affair: Billionaire Wall Street Asshole commits fraud, the NYSE catches on and tips off the SEC, the SEC works the case and delivers it to Justice, and Justice perp-walks the Asshole out of Nobu, into a Crown Victoria and off to 36 months of push-ups, license-plate making and Salisbury steak.

That’s the way it’s supposed to work. But a veritable mountain of evidence indicates that when it comes to Wall Street, the justice system not only sucks at punishing financial criminals, it has actually evolved into a highly effective mechanism for protecting financial criminals. This institutional reality has absolutely nothing to do with politics or ideology — it takes place no matter who’s in office or which party’s in power. To understand how the machinery functions, you have to start back at least a decade ago, as case after case of financial malfeasance was pursued too slowly or not at all, fumbled by a government bureaucracy that too often is on a first-name basis with its targets. Indeed, the shocking pattern of nonenforcement with regard to Wall Street is so deeply ingrained in Washington that it raises a profound and difficult question about the very nature of our society: whether we have created a class of people whose misdeeds are no longer perceived as crimes, almost no matter what those misdeeds are. The SEC and the Justice Department have evolved into a bizarre species of social surgeon serving this nonjailable class, expert not at administering punishment and justice, but at finding and removing criminal responsibility from the bodies of the accused.

The systematic lack of regulation has left even the country’s top regulators frustrated. Lynn Turner, a former chief accountant for the SEC, laughs darkly at the idea that the criminal justice system is broken when it comes to Wall Street. “I think you’ve got a wrong assumption — that we even have a law-enforcement agency when it comes to Wall Street,” he says.

In the hierarchy of the SEC, the chief accountant plays a major role in working to pursue misleading and phony financial disclosures. Turner held the post a decade ago, when one of the most significant cases was swallowed up by the SEC bureaucracy. In the late 1990s, the agency had an open-and-shut case against the Rite Aid drugstore chain, which was using diabolical accounting tricks to cook their books. But instead of moving swiftly to crack down on such scams, the SEC shoved the case into the “deal with it later” file. “The Philadelphia office literally did nothing with the case for a year,” Turner recalls. “Very much like the New York office with Madoff.” The Rite Aid case dragged on for years — and by the time it was finished, similar accounting fiascoes at Enron and WorldCom had exploded into a full-blown financial crisis. The same was true for another SEC case that presaged the Enron disaster. The agency knew that appliance-maker Sunbeam was using the same kind of accounting scams to systematically hide losses from its investors. But in the end, the SEC’s punishment for Sunbeam’s CEO, Al “Chainsaw” Dunlap — widely regarded as one of the biggest assholes in the history of American finance — was a fine of $500,000. Dunlap’s net worth at the time was an estimated $100 million. The SEC also barred Dunlap from ever running a public company again — forcing him to retire with a mere $99.5 million. Dunlap passed the time collecting royalties from his self-congratulatory memoir. Its title: Mean Business.

The pattern of inaction toward shady deals on Wall Street grew worse and worse after Turner left, with one slam-dunk case after another either languishing for years or disappearing altogether. Perhaps the most notorious example involved Gary Aguirre, an SEC investigator who was literally fired after he questioned the agency’s failure to pursue an insider-trading case against John Mack, now the chairman of Morgan Stanley and one of America’s most powerful bankers.

Aguirre joined the SEC in September 2004. Two days into his career as a financial investigator, he was asked to look into an insider-trading complaint against a hedge-fund megastar named Art Samberg. One day, with no advance research or discussion, Samberg had suddenly started buying up huge quantities of shares in a firm called Heller Financial. “It was as if Art Samberg woke up one morning and a voice from the heavens told him to start buying Heller,” Aguirre recalls. “And he wasn’t just buying shares — there were some days when he was trying to buy three times as many shares as were being traded that day.” A few weeks later, Heller was bought by General Electric — and Samberg pocketed $18 million.

After some digging, Aguirre found himself focusing on one suspect as the likely source who had tipped Samberg off: John Mack, a close friend of Samberg’s who had just stepped down as president of Morgan Stanley. At the time, Mack had been on Samberg’s case to cut him into a deal involving a spinoff of the tech company Lucent — an investment that stood to make Mack a lot of money. “Mack is busting my chops” to give him a piece of the action, Samberg told an employee in an e-mail.

A week later, Mack flew to Switzerland to interview for a top job at Credit Suisse First Boston. Among the investment bank’s clients, as it happened, was a firm called Heller Financial. We don’t know for sure what Mack learned on his Swiss trip; years later, Mack would claim that he had thrown away his notes about the meetings. But we do know that as soon as Mack returned from the trip, on a Friday, he called up his buddy Samberg. The very next morning, Mack was cut into the Lucent deal — a favor that netted him more than $10 million. And as soon as the market reopened after the weekend, Samberg started buying every Heller share in sight, right before it was snapped up by GE — a suspiciously timed move that earned him the equivalent of Derek Jeter’s annual salary for just a few minutes of work.

The deal looked like a classic case of insider trading. But in the summer of 2005, when Aguirre told his boss he planned to interview Mack, things started getting weird. His boss told him the case wasn’t likely to fly, explaining that Mack had “powerful political connections.” (The investment banker had been a fundraising “Ranger” for George Bush in 2004, and would go on to be a key backer of Hillary Clinton in 2008.)

Aguirre also started to feel pressure from Morgan Stanley, which was in the process of trying to rehire Mack as CEO. At first, Aguirre was contacted by the bank’s regulatory liaison, Eric Dinallo, a former top aide to Eliot Spitzer. But it didn’t take long for Morgan Stanley to work its way up the SEC chain of command. Within three days, another of the firm’s lawyers, Mary Jo White, was on the phone with the SEC’s director of enforcement. In a shocking move that was later singled out by Senate investigators, the director actually appeared to reassure White, dismissing the case against Mack as “smoke” rather than “fire.” White, incidentally, was herself the former U.S. attorney of the Southern District of New York — one of the top cops on Wall Street.

Pause for a minute to take this in. Aguirre, an SEC foot soldier, is trying to interview a major Wall Street executive — not handcuff the guy or impound his yacht, mind you, just talk to him. In the course of doing so, he finds out that his target’s firm is being represented not only by Eliot Spitzer’s former top aide, but by the former U.S. attorney overseeing Wall Street, who is going four levels over his head to speak directly to the chief of the SEC’s enforcement division — not Aguirre’s boss, but his boss’s boss’s boss’s boss. Mack himself, meanwhile, was being represented by Gary Lynch, a former SEC director of enforcement.

Aguirre didn’t stand a chance. A month after he complained to his supervisors that he was being blocked from interviewing Mack, he was summarily fired, without notice. The case against Mack was immediately dropped: all depositions canceled, no further subpoenas issued. “It all happened so fast, I needed a seat belt,” recalls Aguirre, who had just received a stellar performance review from his bosses. The SEC eventually paid Aguirre a settlement of $755,000 for wrongful dismissal.

Rather than going after Mack, the SEC started looking for someone else to blame for tipping off Samberg. (It was, Aguirre quips, “O.J.’s search for the real killers.”) It wasn’t until a year later that the agency finally got around to interviewing Mack, who denied any wrongdoing. The four-hour deposition took place on August 1st, 2006 — just days after the five-year statute of limitations on insider trading had expired in the case.

“At best, the picture shows extraordinarily lax enforcement by the SEC,” Senate investigators would later conclude. “At worse, the picture is colored with overtones of a possible cover-up.”

Episodes like this help explain why so many Wall Street executives felt emboldened to push the regulatory envelope during the mid-2000s. Over and over, even the most obvious cases of fraud and insider dealing got gummed up in the works, and high-ranking executives were almost never prosecuted for their crimes. In 2003, Freddie Mac coughed up $125 million after it was caught misreporting its earnings by $5 billion; nobody went to jail. In 2006, Fannie Mae was fined $400 million, but executives who had overseen phony accounting techniques to jack up their bonuses faced no criminal charges. That same year, AIG paid $1.6 billion after it was caught in a major accounting scandal that would indirectly lead to its collapse two years later, but no executives at the insurance giant were prosecuted.

All of this behavior set the stage for the crash of 2008, when Wall Street exploded in a raging Dresden of fraud and criminality. Yet the SEC and the Justice Department have shown almost no inclination to prosecute those most responsible for the catastrophe — even though they had insiders from the two firms whose implosions triggered the crisis, Lehman Brothers and AIG, who were more than willing to supply evidence against top executives.

In the case of Lehman Brothers, the SEC had a chance six months before the crash to move against Dick Fuld, a man recently named the worst CEO of all time by Portfolio magazine. A decade before the crash, a Lehman lawyer named Oliver Budde was going through the bank’s proxy statements and noticed that it was using a loophole involving Restricted Stock Units to hide tens of millions of dollars of Fuld’s compensation. Budde told his bosses that Lehman’s use of RSUs was dicey at best, but they blew him off. “We’re sorry about your concerns,” they told him, “but we’re doing it.” Disturbed by such shady practices, the lawyer quit the firm in 2006.

Then, only a few months after Budde left Lehman, the SEC changed its rules to force companies to disclose exactly how much compensation in RSUs executives had coming to them. “The SEC was basically like, ‘We’re sick and tired of you people fucking around — we want a picture of what you’re holding,'” Budde says. But instead of coming clean about eight separate RSUs that Fuld had hidden from investors, Lehman filed a proxy statement that was a masterpiece of cynical lawyering. On one page, a chart indicated that Fuld had been awarded $146 million in RSUs. But two pages later, a note in the fine print essentially stated that the chart did not contain the real number — which, it failed to mention, was actually $263 million more than the chart indicated. “They fucked around even more than they did before,” Budde says. (The law firm that helped craft the fine print, Simpson Thacher & Bartlett, would later receive a lucrative federal contract to serve as legal adviser to the TARP bailout.)

Budde decided to come forward. In April 2008, he wrote a detailed memo to the SEC about Lehman’s history of hidden stocks. Shortly thereafter, he got a letter back that began, “Dear Sir or Madam.” It was an automated e-response.

“They blew me off,” Budde says.

Over the course of that summer, Budde tried to contact the SEC several more times, and was ignored each time. Finally, in the fateful week of September 15th, 2008, when Lehman Brothers cracked under the weight of its reckless bets on the subprime market and went into its final death spiral, Budde became seriously concerned. If the government tried to arrange for Lehman to be pawned off on another Wall Street firm, as it had done with Bear Stearns, the U.S. taxpayer might wind up footing the bill for a company with hundreds of millions of dollars in concealed compensation. So Budde again called the SEC, right in the middle of the crisis. “Look,” he told regulators. “I gave you huge stuff. You really want to take a look at this.”

But the feds once again blew him off. A young staff attorney contacted Budde, who once more provided the SEC with copies of all his memos. He never heard from the agency again.

“This was like a mini-Madoff,” Budde says. “They had six solid months of warnings. They could have done something.”

Three weeks later, Budde was shocked to see Fuld testifying before the House Government Oversight Committee and whining about how poor he was. “I got no severance, no golden parachute,” Fuld moaned. When Rep. Henry Waxman, the committee’s chairman, mentioned that he thought Fuld had earned more than $480 million, Fuld corrected him and said he believed it was only $310 million.

The true number, Budde calculated, was $529 million. He contacted a Senate investigator to talk about how Fuld had misled Congress, but he never got any response. Meanwhile, in a demonstration of the government’s priorities, the Justice Department is proceeding full force with a prosecution of retired baseball player Roger Clemens for lying to Congress about getting a shot of steroids in his ass. “At least Roger didn’t screw over the world,” Budde says, shaking his head.

Fuld has denied any wrongdoing, but his hidden compensation was only a ripple in Lehman’s raging tsunami of misdeeds. The investment bank used an absurd accounting trick called “Repo 105” transactions to conceal $50 billion in loans on the firm’s balance sheet. (That’s $50 billion, not million.) But more than a year after the use of the Repo 105s came to light, there have still been no indictments in the affair. While it’s possible that charges may yet be filed, there are now rumors that the SEC and the Justice Department may take no action against Lehman. If that’s true, and there’s no prosecution in a case where there’s such overwhelming evidence — and where the company is already dead, meaning it can’t dump further losses on investors or taxpayers — then it might be time to assume the game is up. Failing to prosecute Fuld and Lehman would be tantamount to the state marching into Wall Street and waving the green flag on a new stealing season.

The most amazing noncase in the entire crash — the one that truly defies the most basic notion of justice when it comes to Wall Street supervillains — is the one involving AIG and Joe Cassano, the nebbishy Patient Zero of the financial crisis. As chief of AIGFP, the firm’s financial products subsidiary, Cassano repeatedly made public statements in 2007 claiming that his portfolio of mortgage derivatives would suffer “no dollar of loss” — an almost comically obvious misrepresentation. “God couldn’t manage a $60 billion real estate portfolio without a single dollar of loss,” says Turner, the agency’s former chief accountant. “If the SEC can’t make a disclosure case against AIG, then they might as well close up shop.”

As in the Lehman case, federal prosecutors not only had plenty of evidence against AIG — they also had an eyewitness to Cassano’s actions who was prepared to tell all. As an accountant at AIGFP, Joseph St. Denis had a number of run-ins with Cassano during the summer of 2007. At the time, Cassano had already made nearly $500 billion worth of derivative bets that would ultimately blow up, destroy the world’s largest insurance company, and trigger the largest government bailout of a single company in U.S. history. He made many fatal mistakes, but chief among them was engaging in contracts that required AIG to post billions of dollars in collateral if there was any downgrade to its credit rating.

St. Denis didn’t know about those clauses in Cassano’s contracts, since they had been written before he joined the firm. What he did know was that Cassano freaked out when St. Denis spoke with an accountant at the parent company, which was only just finding out about the time bomb Cassano had set. After St. Denis finished a conference call with the executive, Cassano suddenly burst into the room and began screaming at him for talking to the New York office. He then announced that St. Denis had been “deliberately excluded” from any valuations of the most toxic elements of the derivatives portfolio — thus preventing the accountant from doing his job. What St. Denis represented was transparency — and the last thing Cassano needed was transparency.

Another clue that something was amiss with AIGFP’s portfolio came when Goldman Sachs demanded that the firm pay billions in collateral, per the terms of Cassano’s deadly contracts. Such “collateral calls” happen all the time on Wall Street, but seldom against a seemingly solvent and friendly business partner like AIG. And when they do happen, they are rarely paid without a fight. So St. Denis was shocked when AIGFP agreed to fork over gobs of money to Goldman Sachs, even while it was still contesting the payments — an indication that something was seriously wrong at AIG. “When I found out about the collateral call, I literally had to sit down,” St. Denis recalls. “I had to go home for the day.”

After Cassano barred him from valuating the derivative deals, St. Denis had no choice but to resign. He got another job, and thought he was done with AIG. But a few months later, he learned that Cassano had held a conference call with investors in December 2007. During the call, AIGFP failed to disclose that it had posted $2 billion to Goldman Sachs following the collateral calls.

“Investors therefore did not know,” the Financial Crisis Inquiry Commission would later conclude, “that AIG’s earnings were overstated by $3.6 billion.”

“I remember thinking, ‘Wow, they’re just not telling people,'” St. Denis says. “I knew. I had been there. I knew they’d posted collateral.”

A year later, after the crash, St. Denis wrote a letter about his experiences to the House Government Oversight Committee, which was looking into the AIG collapse. He also met with investigators for the government, which was preparing a criminal case against Cassano. But the case never went to court. Last May, the Justice Department confirmed that it would not file charges against executives at AIGFP. Cassano, who has denied any wrongdoing, was reportedly told he was no longer a target.

Shortly after that, Cassano strolled into Washington to testify before the Financial Crisis Inquiry Commission. It was his first public appearance since the crash. He has not had to pay back a single cent out of the hundreds of millions of dollars he earned selling his insane pseudo-insurance policies on subprime mortgage deals. Now, out from under prosecution, he appeared before the FCIC and had the enormous balls to compliment his own business acumen, saying his atom-bomb swaps portfolio was, in retrospect, not that badly constructed. “I think the portfolios are withstanding the test of time,” he said.

“They offered him an excellent opportunity to redeem himself,” St. Denis jokes.

In the end, of course, it wasn’t just the executives of Lehman and AIGFP who got passes. Virtually every one of the major players on Wall Street was similarly embroiled in scandal, yet their executives skated off into the sunset, uncharged and unfined. Goldman Sachs paid $550 million last year when it was caught defrauding investors with crappy mortgages, but no executive has been fined or jailed — not even Fabrice “Fabulous Fab” Tourre, Goldman’s outrageous Euro-douche who gleefully e-mailed a pal about the “surreal” transactions in the middle of a meeting with the firm’s victims. In a similar case, a sales executive at the German powerhouse Deutsche Bank got off on charges of insider trading; its general counsel at the time of the questionable deals, Robert Khuzami, now serves as director of enforcement for the SEC.

Another major firm, Bank of America, was caught hiding $5.8 billion in bonuses from shareholders as part of its takeover of Merrill Lynch. The SEC tried to let the bank off with a settlement of only $33 million, but Judge Jed Rakoff rejected the action as a “facade of enforcement.” So the SEC quintupled the settlement — but it didn’t require either Merrill or Bank of America to admit to wrongdoing. Unlike criminal trials, in which the facts of the crime are put on record for all to see, these Wall Street settlements almost never require the banks to make any factual disclosures, effectively burying the stories forever. “All this is done at the expense not only of the shareholders, but also of the truth,” says Rakoff. Goldman, Deutsche, Merrill, Lehman, Bank of America … who did we leave out? Oh, there’s Citigroup, nailed for hiding some $40 billion in liabilities from investors. Last July, the SEC settled with Citi for $75 million. In a rare move, it also fined two Citi executives, former CFO Gary Crittenden and investor-relations chief Arthur Tildesley Jr. Their penalties, combined, came to a whopping $180,000.

Throughout the entire crisis, in fact, the government has taken exactly one serious swing of the bat against executives from a major bank, charging two guys from Bear Stearns with criminal fraud over a pair of toxic subprime hedge funds that blew up in 2007, destroying the company and robbing investors of $1.6 billion. Jurors had an e-mail between the defendants admitting that “there is simply no way for us to make money — ever” just three days before assuring investors that “there’s no basis for thinking this is one big disaster.” Yet the case still somehow ended in acquittal — and the Justice Department hasn’t taken any of the big banks to court since.

All of which raises an obvious question: Why the hell not?

Gary Aguirre, the SEC investigator who lost his job when he drew the ire of Morgan Stanley, thinks he knows the answer.

Last year, Aguirre noticed that a conference on financial law enforcement was scheduled to be held at the Hilton in New York on November 12th. The list of attendees included 1,500 or so of the country’s leading lawyers who represent Wall Street, as well as some of the government’s top cops from both the SEC and the Justice Department.

Criminal justice, as it pertains to the Goldmans and Morgan Stanleys of the world, is not adversarial combat, with cops and crooks duking it out in interrogation rooms and courthouses. Instead, it’s a cocktail party between friends and colleagues who from month to month and year to year are constantly switching sides and trading hats. At the Hilton conference, regulators and banker-lawyers rubbed elbows during a series of speeches and panel discussions, away from the rabble. “They were chummier in that environment,” says Aguirre, who plunked down $2,200 to attend the conference.

Aguirre saw a lot of familiar faces at the conference, for a simple reason: Many of the SEC regulators he had worked with during his failed attempt to investigate John Mack had made a million-dollar pass through the Revolving Door, going to work for the very same firms they used to police. Aguirre didn’t see Paul Berger, an associate director of enforcement who had rebuffed his attempts to interview Mack — maybe because Berger was tied up at his lucrative new job at Debevoise & Plimpton, the same law firm that Morgan Stanley employed to intervene in the Mack case. But he did see Mary Jo White, the former U.S. attorney, who was still at Debevoise & Plimpton. He also saw Linda Thomsen, the former SEC director of enforcement who had been so helpful to White. Thomsen had gone on to represent Wall Street as a partner at the prestigious firm of Davis Polk & Wardwell.

Two of the government’s top cops were there as well: Preet Bharara, the U.S. attorney for the Southern District of New York, and Robert Khuzami, the SEC’s current director of enforcement. Bharara had been recommended for his post by Chuck Schumer, Wall Street’s favorite senator. And both he and Khuzami had served with Mary Jo White at the U.S. attorney’s office, before Mary Jo went on to become a partner at Debevoise. What’s more, when Khuzami had served as general counsel for Deutsche Bank, he had been hired by none other than Dick Walker, who had been enforcement director at the SEC when it slow-rolled the pivotal fraud case against Rite Aid.

“It wasn’t just one rotation of the revolving door,” says Aguirre. “It just kept spinning. Every single person had rotated in and out of government and private service.”

The Revolving Door isn’t just a footnote in financial law enforcement; over the past decade, more than a dozen high-ranking SEC officials have gone on to lucrative jobs at Wall Street banks or white-shoe law firms, where partnerships are worth millions. That makes SEC officials like Paul Berger and Linda Thomsen the equivalent of college basketball stars waiting for their first NBA contract. Are you really going to give up a shot at the Knicks or the Lakers just to find out whether a Wall Street big shot like John Mack was guilty of insider trading? “You take one of these jobs,” says Turner, the former chief accountant for the SEC, “and you’re fit for life.”

Fit — and happy. The banter between the speakers at the New York conference says everything you need to know about the level of chumminess and mutual admiration that exists between these supposed adversaries of the justice system. At one point in the conference, Mary Jo White introduced Bharara, her old pal from the U.S. attorney’s office.

“I want to first say how pleased I am to be here,” Bharara responded. Then, addressing White, he added, “You’ve spawned all of us. It’s almost 11 years ago to the day that Mary Jo White called me and asked me if I would become an assistant U.S. attorney. So thank you, Dr. Frankenstein.”

Next, addressing the crowd of high-priced lawyers from Wall Street, Bharara made an interesting joke. “I also want to take a moment to applaud the entire staff of the SEC for the really amazing things they have done over the past year,” he said. “They’ve done a real service to the country, to the financial community, and not to mention a lot of your law practices.”

Haw! The line drew snickers from the conference of millionaire lawyers. But the real fireworks came when Khuzami, the SEC’s director of enforcement, talked about a new “cooperation initiative” the agency had recently unveiled, in which executives are being offered incentives to report fraud they have witnessed or committed. From now on, Khuzami said, when corporate lawyers like the ones he was addressing want to know if their Wall Street clients are going to be charged by the Justice Department before deciding whether to come forward, all they have to do is ask the SEC.

“We are going to try to get those individuals answers,” Khuzami announced, as to “whether or not there is criminal interest in the case — so that defense counsel can have as much information as possible in deciding whether or not to choose to sign up their client.”

Aguirre, listening in the crowd, couldn’t believe Khuzami’s brazenness. The SEC’s enforcement director was saying, in essence, that firms like Goldman Sachs and AIG and Lehman Brothers will henceforth be able to get the SEC to act as a middleman between them and the Justice Department, negotiating fines as a way out of jail time. Khuzami was basically outlining a four-step system for banks and their executives to buy their way out of prison. “First, the SEC and Wall Street player make an agreement on a fine that the player will pay to the SEC,” Aguirre says. “Then the Justice Department commits itself to pass, so that the player knows he’s ‘safe.’ Third, the player pays the SEC — and fourth, the player gets a pass from the Justice Department.”

When I ask a former federal prosecutor about the propriety of a sitting SEC director of enforcement talking out loud about helping corporate defendants “get answers” regarding the status of their criminal cases, he initially doesn’t believe it. Then I send him a transcript of the comment. “I am very, very surprised by Khuzami’s statement, which does seem to me to be contrary to past practice — and not a good thing,” the former prosecutor says.

Earlier this month, when Sen. Chuck Grassley found out about Khuzami’s comments, he sent the SEC a letter noting that the agency’s own enforcement manual not only prohibits such “answer getting,” it even bars the SEC from giving defendants the Justice Department’s phone number. “Should counsel or the individual ask which criminal authorities they should contact,” the manual reads, “staff should decline to answer, unless authorized by the relevant criminal authorities.” Both the SEC and the Justice Department deny there is anything improper in their new policy of cooperation. “We collaborate with the SEC, but they do not consult with us when they resolve their cases,” Assistant Attorney General Lanny Breuer assured Congress in January. “They do that independently.”

Around the same time that Breuer was testifying, however, a story broke that prior to the pathetically small settlement of $75 million that the SEC had arranged with Citigroup, Khuzami had ordered his staff to pursue lighter charges against the megabank’s executives. According to a letter that was sent to Sen. Grassley’s office, Khuzami had a “secret conversation, without telling the staff, with a prominent defense lawyer who is a good friend” of his and “who was counsel for the company.” The unsigned letter, which appears to have come from an SEC investigator on the case, prompted the inspector general to launch an investigation into the charge.

All of this paints a disturbing picture of a closed and corrupt system, a timeless circle of friends that virtually guarantees a collegial approach to the policing of high finance. Even before the corruption starts, the state is crippled by economic reality: Since law enforcement on Wall Street requires serious intellectual firepower, the banks seize a huge advantage from the start by hiring away the top talent. Budde, the former Lehman lawyer, says it’s well known that all the best legal minds go to the big corporate law firms, while the “bottom 20 percent go to the SEC.” Which makes it tough for the agency to track devious legal machinations, like the scheme to hide $263 million of Dick Fuld’s compensation.

“It’s such a mismatch, it’s not even funny,” Budde says.

But even beyond that, the system is skewed by the irrepressible pull of riches and power. If talent rises in the SEC or the Justice Department, it sooner or later jumps ship for those fat NBA contracts. Or, conversely, graduates of the big corporate firms take sabbaticals from their rich lifestyles to slum it in government service for a year or two. Many of those appointments are inevitably hand-picked by lifelong stooges for Wall Street like Chuck Schumer, who has accepted $14.6 million in campaign contributions from Goldman Sachs, Morgan Stanley and other major players in the finance industry, along with their corporate lawyers.

As for President Obama, what is there to be said? Goldman Sachs was his number-one private campaign contributor. He put a Citigroup executive in charge of his economic transition team, and he just named an executive of JP Morgan Chase, the proud owner of $7.7 million in Chase stock, his new chief of staff. “The betrayal that this represents by Obama to everybody is just — we’re not ready to believe it,” says Budde, a classmate of the president from their Columbia days. “He’s really fucking us over like that? Really? That’s really a JP Morgan guy, really?”

Which is not to say that the Obama era has meant an end to law enforcement. On the contrary: In the past few years, the administration has allocated massive amounts of federal resources to catching wrongdoers — of a certain type. Last year, the government deported 393,000 people, at a cost of $5 billion. Since 2007, felony immigration prosecutions along the Mexican border have surged 77 percent; nonfelony prosecutions by 259 percent. In Ohio last month, a single mother was caught lying about where she lived to put her kids into a better school district; the judge in the case tried to sentence her to 10 days in jail for fraud, declaring that letting her go free would “demean the seriousness” of the offenses.

So there you have it. Illegal immigrants: 393,000. Lying moms: one. Bankers: zero. The math makes sense only because the politics are so obvious. You want to win elections, you bang on the jailable class. You build prisons and fill them with people for selling dime bags and stealing CD players. But for stealing a billion dollars? For fraud that puts a million people into foreclosure? Pass. It’s not a crime. Prison is too harsh. Get them to say they’re sorry, and move on. Oh, wait — let’s not even make them say they’re sorry. That’s too mean; let’s just give them a piece of paper with a government stamp on it, officially clearing them of the need to apologize, and make them pay a fine instead. But don’t make them pay it out of their own pockets, and don’t ask them to give back the money they stole. In fact, let them profit from their collective crimes, to the tune of a record $135 billion in pay and benefits last year. What’s next? Taxpayer-funded massages for every Wall Street executive guilty of fraud?

The mental stumbling block, for most Americans, is that financial crimes don’t feel real; you don’t see the culprits waving guns in liquor stores or dragging coeds into bushes. But these frauds are worse than common robberies. They’re crimes of intellectual choice, made by people who are already rich and who have every conceivable social advantage, acting on a simple, cynical calculation: Let’s steal whatever we can, then dare the victims to find the juice to reclaim their money through a captive bureaucracy. They’re attacking the very definition of property — which, after all, depends in part on a legal system that defends everyone’s claims of ownership equally. When that definition becomes tenuous or conditional — when the state simply gives up on the notion of justice — this whole American Dream thing recedes even further from reality.

By MATT TAIBBI
FEBRUARY 16, 2011 9:00 AM ET

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Dear Politicians: Please Cut Here

The following unconstitutional FEDERAL programs, agencies, departments, bureaus, commissions, administrations, offices, foundations, councils, services, institutions, boards, centers, divisions, grants, initiatives, registries, affairs, authorities etc, SHOULD ALL BE ABOLISHED.

With these organizations gone, we could eliminate the federal income tax (for real economic stimulus). Then all these federal government fat cats would have to get real jobs like the rest of us – probably without the 10 holidays a year.

THESE ORGANIZATIONS PRODUCE NOTHING-THEY JUST LEECH AND TRANSFER WEALTH FROM ONE CLASS TO ANOTHER BY FORCE OF TAXATION.

ANY WONDER WHY WE’RE BROKE???… THIS LIST DOES NOT INCLUDE ANY MILITARY or DEFENSE PROGRAMS OR THEIR SUBSIDIARIES.  IT ALSO DOES NOT INCLUDE LEGITIMATE GOVERNMENT BRANCHES SUCH AS EXECUTIVE, LEGISLATIVE, JUDICIAL, AND MANY OTHERS.

HERE IT IS…

 

Personal Income Tax Division of the IRS

National Endowment for the Arts (Can’t sell your art privately?)

National Wild Horse and Burro Program (Huh?)

Dept. of Education

Dept of Energy

FEMA (a corrupt organization if there ever was one–leave it to charities)

FDIC (a sham program with only a fraction of funds needed to save banks)

Freddy Mac & Fannie Mae (helped cause present economic conditions)

Administration on Aging (AoA)

Administration for Children and Families (ACF)

Administration on Developmental Disabilities (ADD)

Administration for Native Americans (ANA)

Children’s Bureau (CB)

Family and Youth Services Bureau (FYSB)

Head Start Bureau (HSB)

Healthy Marriage Initiative (HMI)

Low Income Home Energy Assistance Program (LIHEAP)

Office of Child Support Enforcement (OCSE)

Office of Community Services Block Grant (OCS)

Office of Family Assistance (OFA)

Temporary Assistance for Needy Families (TANF)

Office of Refugee Resettlement (ORR)

President’s Committee for People with Intellectual Disabilities (PCPID)

Agency for Healthcare Research and Quality (AHRQ)

Agency for Toxic Substances and Disease Registry (ATSDR)

Centers for Medicare and Medicaid Services (CMS)

Health Resources and Services Administration (HRSA)

Indian Health Service (IHS)

National Institutes of Health (NIH)

Office for Civil Rights (OCR)

Office of Minority Health (OMH)

Program Support Center (PSC)

Substance Abuse and Mental Health Services Admin.(SAMHSA)

Office of the National Coordinator for Health Information Technology (ONCHIT)

Center for Faith-Based and Community Initiatives (CFBCI)

Employees’ Compensation Appeals Board (ECAB)

Employment Standards Administration (ESA)

The Office of Labor-Management Standards (OLMS)

Office of Workers’ Compensation Programs (OWCP)

Wage and Hour Division (WHD)

Employment and Training Administration (ETA)

Employee Benefits Security Administration (EBSA)

Women’s Bureau (WB)

Job Corps

Bureau of East Asian and Pacific Affairs

Bureau of Economic and Business Affairs

Bureau of Educational and Cultural Affairs

Internet Access and Training Program

Bureau of European and Eurasian Affairs

Bureau of Human Resources

Bureau of Information Resource Management

Bureau of Intelligence and Research

Bureau for International Narcotics and Law Enforcement Affairs

Bureau of International Organization Affairs

Bureau of International Security and Nonproliferation

Bureau of Legislative Affairs

Bureau of Near Eastern Affairs

Bureau of Oceans and International Environmental and Scientific Affairs

Bureau of Overseas Buildings Operations

Bureau of Political-Military Affairs

Bureau of Population, Refugees, and Migration

Bureau of Public Affairs

Bureau of Resource Management

Bureau of South Asian Affairs

Bureau of Verification, Compliance, and Implementation

Bureau of Western Hemisphere Affairs

Counterterrorism Office (which produces the Patterns of Global Terrorism report)

National Foreign Affairs Training Center (former Foreign Service Institute)

Office of International Information Programs

Office of the Legal Adviser

Office of Management Policy

Office of Protocol

Office of the Science and Technology Adviser

Office to Monitor and Combat Trafficking in Persons

Office of War Crimes Issues (They blew the Bush war crimes)

Car Allowance Rebate System (Cash for Clunkers)

Cash for Appliances Program

Bureau of the Public Debt

Community Development Financial Institution Fund (CDFI)

FHA

HUD

 

INDEPENDENT AGENCIES Of the U.S. GOVERNMENT;

National health and insurance system

African Development Foundation

Advisory Council on Historic Preservation (ACHP)

Agency for International Development (USAID)

American Battle Monuments Commission (ABMC)

Appalachian Regional Commission (ARC)

U.S. Arctic Research Commission (USARC)

Central Intelligence Agency (CIA) (EVIL WAR-MONGERS)

US Commission on Civil Rights (USCCR)

Commission on Security and Cooperation in Europe (CSCE)

Corporation for National and Community Service (CNCS)

Court Services and Offender Supervision Agency (CSOSA)

Delaware River Basin Commission (DRBC)

Equal Employment Opportunity Commission (EEOC)

Export-Import Bank of the United States (ExIm)

Farm Credit Administration (FCA)

Federal Communications Commission (FCC)

Federal Election Commission (FEC)

Federal Maritime Commission

Federal Mine Safety & Health Review Commission (FMSHRC)

Federal Reserve System (a pseudo government, semi-private organization)

Federal Retirement Thrift Investment Board

Federal Trade Commission (FTC)

Foreign Claims Settlement Commission of the United States (FCSC)

General Services Administration (GSA)

Institute of Museum and Library Services (IMLS)

Inter-American Foundation (IAF)

International Trade Commission (ITC)

Learn and Serve America (LSA)

National Capital Planning Commission (NCPC)

National Credit Union Administration (NCUA)

National Endowment for the Humanities (NEH)

National Ice Center (NIC)

National Labor Relations Board (NLRB)

National Railroad Passenger Corporation (Amtrak) (NRPC)

National Science Foundation (NSF)

National Transportation Research Center (NTRC)

Office of Government Ethics (OGE)(LOT OF GOOD THEY DO)

Office of Personnel Management (OPM)

Pension Benefit Guaranty Corporation (PBGC)

Selective Service System (SSS)

Senior Corps

Small Business Administration (SBA)

Susquehanna River Basin Commission (SRBC)

Tennessee Valley Authority (TVA)

United States Trade and Development Agency (TDA)

 

BOARDS AND COMMISSIONS;

Financial crisis inquiry commission

Administrative Committee of the Federal Register

American Battle Monuments Commission

Appalachian Regional Commission

Architectural and Transportation Barriers Compliance Board (Access Board)

Arctic Research Commission

Arthritis and Musculoskeletal Interagency Coordinating Committee

Barry M. Goldwater Scholarship and Excellence in Education Foundation

Broadcasting Board of Governors

Chemical Safety and Hazard Investigation Board

Chief Acquisition Officers Council

Chief Financial Officers Council

Chief Human Capital Officers Council

Chief Information Officers Council

Citizens’ Stamp Advisory Committee

Commission of Fine Arts

Commission on International Religious Freedom

Commission on Security and Cooperation in Europe (Helsinki Commission)

Commission on the Intelligence Capabilities of the United States

Commission on the Intelligence Capabilities of the United States Regarding Weapons of Mass Destruction

Committee for Purchase from People Who Are Blind or Severely Disabled

Committee for the Implementation of Textile Agreements

Committee on Foreign Investments in the United States

Coordinating Council on Juvenile Justice and Delinquency Prevention

Delaware River Basin Commission

Denali Commission

Endangered Species Committee

Federal Accounting Standards Advisory Board

Federal Advisory Committees

Federal Executive Boards

Federal Financial Institutions Examination Council

Federal Financing Bank

Federal Geographic Data Committee

Federal Interagency Committee for the Management of Noxious and Exotic Weeds (GOTTA LOVE THAT ONE!)

Federal Interagency Committee on Education

Federal Interagency Council on Statistical Policy

Federal Laboratory Consortium for Technology Transfer

Federal Library and Information Center Committee

Harry S. Truman Scholarship Foundation

Illinois and Michigan Canal National Heritage Corridor Commission

Indian Arts and Crafts Board

Interagency Alternative Dispute Resolution Working Group

Interagency Council on Homelessness

Interstate Commission on the Potomac River Basin

J. William Fulbright Foreign Scholarship Board

James Madison Memorial Fellowship Foundation

Japan-United States Friendship Commission

Joint Board for the Enrollment of Actuaries

Joint Fire Science Program

Marine Mammal Commission

Migratory Bird Conservation Commission

Millennium Challenge Corporation

Mississippi River Commission

Morris K. Udall Foundation: Scholarship and Excellence in National Environmental Policy

National Bipartisan Commission on the Future of Medicare

National Indian Gaming Commission

National Park Foundation

Northwest Power Planning Council

Nuclear Regulatory Commission

Nuclear Waste Technical Review Board

Presidio Trust

Regulatory Information Service Center

Social Security Advisory Board

Susquehanna River Basin Commission

Taxpayer Advocacy Panel

United States Holocaust Memorial Museum

Veterans Day National Committee

Vietnam Educational Foundation

White House Commission on Presidential Scholars – “Presidential Scholars Program”

White House Commission on the National Moment of Remembrance

SOCIAL SECURITY SYSTEM (Pay back-with interest to all who want to opt out, but continue to fund those in or near retirement). THIS COULD BE DONE WITH MONEY PRESENTLY USED TO INVADE AND OCCUPY FOREIGN LANDS.

On the outside chance that someone will disagree with anything on this list, let me be the first to say “I don’t care if you agree with it or not.”

AGAIN…ANY WONDER WHY WE’RE BROKE???

Fed’s $16 Trillion Dollar Bailout

There are those that would say:  “People that believe the information below are “conspiracy freaks” – but what if this is correct?  What if you have been believing the limited information that you have gleaned from the 6 o’clock news and you found out it was all to cover up the below information?  Can you afford to be so callous?   Is our country and way of life that we were raised in now a thing of the past?  So many questions and so many explanations!  If this were to turn out as an untrue situation, it would have to go down as the greatest hoax and horror story since Orson Welles announced on a live broadcast that martians had landed.

Brian Gray

 

Fed’s $16 Trillion Dollar Secret Slush Fund Props Up Our Way Of Life

By Silver Shield, on July 25th, 2011

“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” -Henry Ford

The first audit of the privately owned and foreign owned Federal Reserve by the GAO, has turned up $16 Trillion dollars of loans all over the world to prop up the global fiat empire. This massive money creation is over and above Hank Paulson’s $700 billion dollar heist of the American public. It is also in addition to QE1 and QE2 that resulted in an illusionary recovery of the economy. All of this money printing has done nothing to create any economic growth and it never will. The scary part is that this was done with no oversight or accountability . (Thank God we have someone like Ron Paul to hold these Elite accountable and expose their crimes before the collapse.)

“As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world. This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.” Senator Bernie Sanders VT (Get the full report here.)

While Americans have been getting hammered, in this winter of our Empire, the Elite have been securing their bets gone wrong. Too Big To Fail should be Too Rich To Fail. As Americans continue to get crucified for speculating on the housing and stock bubble, the Elite get you to pay for their losses. This kleptocracy is a way of life and if the American people understood the enormity of this perverse crime, there would be revolution in the morning. And not just here in America, this money went all over the world to prop up the local Elite in foreign fiefdoms. The world is enslaved by debt and the wars they fund. We deserve better than this.

The sick thing about this report of the largest theft in human history, is the name of the report, Opportunities Exist to Strengthen Policies and Processes for Managing Emergency Assistance. This report shows that no one is coming to save you and you had better start thinking and acting for yourself. The report seems to be about how best to do this crime again.  If tens of Trillions did nothing, how about hundreds or thousands of Trillions? The government is an active and willing participant in this crime. Banksters derive power from creating debt/money and politicians derive power from spending money/debt. It is a sick symbiotic relationship that will not be cut until the whole cancerous system collapses.

We are reaching the mathematical and inevitable end of our way of life. If not for these Trillions printed out of thin air, we would have entered into a unprecedented world-wide deflationary default. This would have destroyed all paper assets, because there would not be enough money to go around. The effect of paper asset devaluation would have rendered every nation, corporation, and individual, insolvent. The Elite fear deflation, because that means they would lose control over their source of power, the creation and spending of money. If the world economy collapsed, people would be forced to wake up from our credit induced acid trip and start looking for the drug dealer that ruined our lives.

When the dollar dies, millions will die. Without a viable currency all commerce will stop. It won’t just be the dollar it will be all paper currencies since they are all based off of the same fractional reserve lie. That will collapse all paper assets and destroy the world wide economy. Crops won’t get planted, fuel won’t be exported. This is the first time in human history that people also have no idea how to feed themselves. This will lead to millions of people left as hopeless as the victims of Hurricane Katrina. We laugh at how pitiful North Korea is… Don’t laugh, they are a lot closer to our future without money, than we are. Eventually, humanity will adapt to this new reality and a new way of life will emerge. Our job is to make it through the storm alive and hopefully with the assets to shape the new reality.

The inflation/deflation debate is over, yet again. This report shows the Elite will print unlimited amounts of fiat to prevent any systemic deflation. $16 Trillion dollars is larger than the total US Economy. In fact, without this massive injection, there would be NO US Economy. Any whiff of deflation, will be met with a MOAB bombs or Nuclear bombs of money creation. The inflection point is at some point people, corporations and nations will lose faith in the currency and sell their dollars, Euros and Yen to by real assets. It will become painfully apparent that the Elite are determined to destroy the currencies to keep their control system going. We don’t even really need more money to be printed. If the velocity of money sped up and people kept bidding on a limited pool of REAL tangible assets like gold, silver and oil, it would create systemic inflation that would destroy the dollar. (Reade the groundbreaking Silver Bullet and the Silver Shield.)

The dollar is going to fail. All currencies and paper assets are going to fail. It is a mathematical certainty. Unless more money is created in excess of the debt AND interest accrued the year before, the entire system collapses. If debt/money is created in excess, we reach a point where the exponential growth of compounding interest necessitates larger and larger amounts of debt/money to be created to keep the system from collapsing. This ever expanding money/debt eventually reaches the reality of limited amounts of resources in the natural world. More money chasing after a limited amounts of goods brings about hyperinflation and the destruction of the currency.

What do you do? I am not one for fear mongering, because fear mongering relies on an emotional response and not a logical response. You know your entire way of life is hanging on a thread. You saw it flash before your eyes in 2008. Your savings, your retirement, your job, your kids, your food, everything, rests on this fiat debt scam. There should be a default and/or a revolution any day. Knowing that it is coming and and knowing you are having a hard time committing to massive change for fear of looking stupid with the neighbors, what do you do? I spent 6 years putting together the Sons of Liberty Academy to help people get past this mental block and to give them the absolute confidence to take massive action in their lives to be aware and prepared for the largest event in human history. It is free and supported by the generous donations of our 8,200+ members. Join the Academy today to be aware and prepared.

“Until they become conscious they will never rebel, and until after they have rebelled they cannot become conscious?” – George Orwell

Wake Some People Up!

http://bit.ly/oZIGuV

US – Can’t Buy Love!

It’s All Your Money: Foreign Aid to Muslim/Arab nations

by William LaJeunesse | May 24, 2011

While America’s standing in the Middle East couldn’t get much lower, you wouldn’t know it looking at the U.S. foreign aid budget. Of proposed U.S. assistance for 2012, almost two-thirds is earmarked for Muslim nations and one-third goes to Arab countries.

Yet, despite those billions in aid, opinion polls show most Arab citizens still have an unfavorable view of America and most Muslim nations routinely vote against U.S. interests in the United Nations.

“If we are giving money to countries consistently voting against our interest, we ought to cut them off,” says Congressman Steve Chabot (R-OH) who sits on the House Foreign Affairs Committee. “But Congress is going to need to get some backbone here because it consistently gives Presidents the ability to waive the cutoff of that money.”

Years ago, U.N. Ambassador John Bolton proposed cutting off all aid to the 30 nations who consistently voted against the U.S. in the UN. Before him, President Reagan’s U.N. Ambassador Jeane Kirkpatrick proposed cutting off $1 million in aid for each vote an aid recipient cast against the U.S. in the U.N. In both cases, Bolton says the State Department overruled them.

“Foreign aid to a lot of countries could be readily cut and I think it’s been a mistake by the U.S. government for decades not to take U.N. voting into account,” Bolton said Monday.

This document, released by the State Department, examines 13 critical votes in the UN in 2010.

Compare that to this list of US aid recipients for 2012 and this poll released last week by the Pew Research Center Global Attitudes Project.

Graphic_1.JPG.jpg

The result: some of the largest recipients of U.S. taxpayer money over the last 6 budget years consistently vote against the U.S. and harbor negative or unfavorable views of America.

Some other Muslim countries show almost no friendship or allegiance to the U.S. but continue to see the State Department shower them with money.

Algeria has received $60 million and votes with the U.S. just 16% of the time. Oman $74 million, 18% voting coincidence. Whereas the Palestinian Territories received $3 billion dollars yet just 18% have a favorable view of the U.S.

“The U.S. has to quit being kicked around. We need to quit sending our tax dollars to countries that do not have our best interests in mind, especially in these economic times,” says Chabot.

Instead, if you look at U.S. aid over time, it’s largely on auto-pilot. Once a nation is on the U.S. gravy train, few are ever cut off, regardless of their loyalty, gratitude or actions.

This link allows you to see who gets aid and where it goes.

In our analysis of the numbers, of the President’s 2012 foreign assistance request of $34.5 billion, 60% or $20.1 billion goes to Muslim nations, or those where a majority practice Islam. About 33% or the total budget, or $11.6 billion is awarded to Arab countries.

And while many Americans think most U.S. foreign aid goes to “humanitarian assistance” or food and medicine for the poor, an analysis shows 80% of our aid to Arab countries pays for police and the military. And despite the President’s speech last week calling for closer ties with Middle Eastern nations and fostering free market, democratic principles, just 5% of our aid to the region is dedicated to ‘economic development’.

While some suggest our support for repressive, autocratic regimes explains America’s poor poll numbers, and should be discontinued, Bolton has a different view.

While conceding a reform of U.S. foreign aid is “way overdue” he says, “I don’t think the opinions you see in foreign countries should govern where the aid goes. It should be based on what is in our interest not what is in their interest.”

Read more: http://politics.blogs.foxnews.com/2011/05/24/its-all-your-money-foreign-aid-muslimarab-nations#ixzz1NIAYZV9B

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